The percentage of Bitcoin’s supply currently in profit has dropped to 88%, a figure that could influence market sentiment. Ethereum traders are preparing for potential volatility as $525 million worth of crypto options are set to expire on December 27. Meanwhile, Elon Musk’s SpaceX has been using stablecoins to hedge against foreign exchange risks, showcasing a practical application of cryptocurrencies in corporate finance. In the ETF space, Bitcoin ETFs have seen a significant inflow of $475 million, with Bitwise introducing new strategies. Regulatory developments include the Treasury and IRS finalizing broker rules for DeFi, mandating KYC from protocols. Additionally, the launch of Push Chain by Push Protocol aims to unify blockchain communication and transactions, potentially impacting the interoperability of blockchain networks.
To provide the best experiences, we use technologies like cookies to store and/or access device information. Consenting to these technologies will allow us to process data such as browsing behavior or unique IDs on this site. Not consenting or withdrawing consent, may adversely affect certain features and functions.
Functional
Always active
The technical storage or access is strictly necessary for the legitimate purpose of enabling the use of a specific service explicitly requested by the subscriber or user, or for the sole purpose of carrying out the transmission of a communication over an electronic communications network.
Preferences
The technical storage or access is necessary for the legitimate purpose of storing preferences that are not requested by the subscriber or user.
Statistics
The technical storage or access that is used exclusively for statistical purposes.The technical storage or access that is used exclusively for anonymous statistical purposes. Without a subpoena, voluntary compliance on the part of your Internet Service Provider, or additional records from a third party, information stored or retrieved for this purpose alone cannot usually be used to identify you.
Marketing
The technical storage or access is required to create user profiles to send advertising, or to track the user on a website or across several websites for similar marketing purposes.
